sachinlanke
Long

INFOSYS Bullish Trend is underway

NSE:INFY   INFOSYS LTD
Double Bottom has been formed on daily charts of Infosys             hinting a bullish trend in coming days. Weekly trend is also UP.

But in short term, a bearish divergence is formed which can lead to a small correction/sideways movement in coming days and then it may continue it's long term bullish trend .

Buy is suggested post correction.
Comment: Bullish reversal has taken place last week.

Targets for this week are

Target-1 = 1050
Target-2 = 1065

Stoploss = 995
I think most of the IT stocks will react negatively UCSIC news of H1B visa suspension. Personally I think it was expected news and the stock should have priced it already but one never knows.
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sachinlanke lchowdhary
@lchowdhary,

True..This news can lead to correction in price in coming days. But post that, this will be trend reversal and stock will gain in price substantially.
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Uptrend continue above 1044 till 1060,1120
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Yes -it is very much close to my analysis.Thanks
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